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Bendata to Spearhead Worldwide Customer Services Business for Ixchange Technology Holdings.


COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Co.--(BUSINESS WIRE)--August 17, 1998--

New partnership to help solidify Bendata's leadership position in customer support service management industry

Bendata, Inc. (Bendata) today announced a partnership with Ixchange Technology Holdings, Ltd. (JS:XCH XCH Exchange
XCH Christmas Island (airport code)
XCH Extended Channel
) that will strengthen Bendata's position as a market leader in the help-desk and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  industry worldwide. Ixchange Technology Holdings Ltd., a South African software and marketing company, has signed an agreement to acquire all of the outstanding stock of Bendata Inc. from Astea International (Nasdaq:ATEA), subject to certain closing conditions. Astea will receive more than $43 million dollars in cash and secured debt from Ixchange, while Ixchange will initially invest a further $9 million in Bendata. The closing is expected to take place near the end of August 1998.

The benefits of the deal include access to increased funding and complimentary technology for Bendata. The expanded resources will be used for expanded product development, as well as for new sales and marketing initiatives. Upon closing of the transaction, Bendata will operate as an independent business unit providing the best-value software solution for customer support services. Bendata will continue to target mid-range implementations within small to large organizations. Currently Bendata customers include 25% of Fortune 100 companies. In addition, Bendata will immediately assume direction of all customer-support-services software initiatives for Ixchange globally, operating from Bendata's existing offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia Pacific.

Bendata's existing line of products and services, including its flagship software, HEAT (Helpdesk Expert Automation Tool) continues to experience strong growth worldwide. Ixchange's leading edge CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party.  and Internet technologies may be leveraged in future versions of Bendata's HEAT and Support Management Signature Series product lines. The customer-driven approach that has defined Bendata continues to thrive under Bendata's current management team, staff and development and customer services resources, all of which will remain unaffected by the acquisition. The HEAT product-line will remain entirely intact, and will be the platform for all future releases.

"We are thrilled with the new agreement," said Vance Brown, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Bendata, Inc. "We are coming off of a record sales performance at the end of our second quarter, and the third quarter looks strong. We have a major product release scheduled for the end of the year that will raise the bar significantly within our market space. Ixchange provides Bendata with a strong capital resource and access to important technology and development resources for future growth and development," he continued. "The future looks very bright indeed."

"The Gartner Group (company) Gartner Group - One of the biggest IT industry research firms.

Address: Connecticut, USA.
 recognizes Bendata as one of only three vendors who are leaders in this market place based on their vision and ability to execute. Bendata's leadership position has been key in attracting Ixchange" said Dana Buys, Chairman of Ixchange. Buys added that Ixchange saw a great deal of synergy in terms of market vision, focus on the important Microsoft Windows See Windows.

(operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then.
 NT platform and company cultures. "We believe that Ixchange is in a position to help Bendata realise its great potential. It is the most important acquisition we have done to date."

About Bendata

Bendata, Inc. is a leading supplier of customer support services software, recognized by independent authorities such as Gartner Group, Help Desk Institute (HDI HDI Human Development Index (UNDP yardstick of human welfare)
HDI Help Desk Institute
HDI Humpty Dumpty Institute (New York, New York)
HDI High Density Interconnect
) and Ovum as the industry leader in its field.

Founded in 1982, Bendata has established itself as a market leader for customer support services software utilizing client-server technology targeting mid-range implementations within small to large organizations. Bendata's flagship product, HEAT, commands a customer base in excess of 3,500 customers and has enjoyed excellent reviews for its out-of-the-box functionality, flexibility in customization, and strength in problem management. The company's web address is www.bendata.com.

Bendata's customers include: Mobil Oil, Arthur Anderson, Disney, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Honda, Mitsubishi, Honeywell, U.S.Army, U.S. Air Force, U.S. Marines, GTE GTE General Telephone & Electronics
GTE Génie Thermique et Énergie (French)
GTE Gas Turbine Engine
GTE Global Tropospheric Experiment
GTE Geothermal Energy
GTE Gas Turbine Efficiency plc (Sweden & USA) 
, BP Oil, Hilton International, Lloyds Bank, Caesar's Palace, ALLTEL, Northern Telecom, US West, Nations Bank, Delta Airlines, Allstate Life Insurance, Blue Cross & Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , John Deere, Ford Motor Company, McGraw-Hill, Coca-Cola, Chevron, EDS, Hitachi, Hewlett Packard, Bell Atlantic, Booz, Allen and Hamilton, Perot Systems, Motorola, Minolta, Mercedes-Benz, Warner Lambert, Loral Defense Systems, Barnes & Noble, Dean Witter, SmithKline Beecham, Raytheon, Boston Medical Center Boston Medical Center (BMC) is a non-profit 581-bed medical center in Boston, Massachusetts. It was created by the formal merger of Boston City Hospital (BCH) and Boston University Medical Center Hospital (BUMCH). , Harvard, Notre Dame, Nike, Deloitte & Touche, Mercy Hospital, Weyerhaeuser, Unisys, Charles Schwab, Seagate Technologies and KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 Peat Marwick.

Company Facts:

-- Bendata is one of only three customer support software vendors serving the mid-range market recognized as an industry leader by the Gartner Group based on vision and ability to execute. -- 25% of Fortune 100 companies use HEAT. -- HEAT has been chosen for CTI Magazine's 1997 Editor's Choice Platinum Award, and earned a 1998 Best Buy award from Network Solutions Magazine. -- Customer satisfaction amongst HEAT users is very high, a recent independent study found that 98% of HEAT customers would recommend Bendata's products to another buyer. In addition, over 90% of HEAT customers renew their annual maintenance agreement - this is 30% higher than the industry average.

About Ixchange Technology Holdings Ltd.

Ixchange Technology Holdings Ltd. develops and markets client/server and Internet based software solutions and provides related products and services. Ixchange consists of four operating divisions covering customers service management, supply chain management, Internet business applications and web and large-scale software development projects. The company primarily develops software for the fast growing Microsoft Windows NT and Microsoft BackOffice systems platforms.

Ixchange's customers include most of South Africa's blue chip organizations. Ixchange recently completed an Internet based customer service and interaction business application for Microsoft Corporation which is used in the international support of companies providing service to Microsoft via the Internet.

Ixchange is listed on the Johannesburg Stock Exchange Johannesburg Stock Exchange (JSE)

Established in 1886, the Johannesburg Stock Exchange is the only stock exchange in South Africa. Gold and mining stocks form the majority of shares listed.
 (JSE JSE

See: Johannesburg Stock Exchange
) and has been one of the top five performers on the JSE during the past year.

The company headquarters is located in Johannesburg and offices are maintained in Cape Town and Denver, Colorado. Ixchange can be reached at (+27-11-301-0500 or via the World Wide Web at www.ixchange.com.)

Bendata is a subsidiary of Astea International Inc. and will remain so until the closing of the transaction described in this press release. This press release contains forward-looking statements that are made under the "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 and involve a number of risks and uncertainties that could materially affect future results. Among these risk factors are that the sale of Bendata is conditioned on several factors and may not be consummated. Further information regarding these as well as other key risk factors and meaningful cautionary statements which could affect Astea's financial results are included at length in the Astea's Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the fiscal year ended December 31, 1997, filed with the Securities and Exchange Commission.

    CONTACT: Bendata, Inc.
              Lon Hendrickson, 719-532-7496
              lhendrickson@bendata.com
                      or
              Clarke & Company
              Leigh Nixon or Emily Dunham, 617-536-3003
              lnixon@clarkeco.com , edunham@clarkeco.com


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Aug 17, 1998
Words:1130
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